According to Nomura Equity Research analyst Stuart Jeffrey, Apple's new mobile payment system called Apple Pay is designed to bring buyers to the Apple iPhone. Based on his calculations, it certainly isn't being offered to make money for Apple. Jeffrey says that if Apple manages to grab 60% of the share for mobile payments, it could boost revenue by 0.3% to 0.6%. The bottom line would see an increase of just 13 cents a share for fiscal 2016. Jeffrey expects Apple to make $7.30 a share in earnings before adding in the possible contribution from Apple Pay. That is a meager 1.7% increase in profits ...from PhoneArena - News http://ift.tt/1sFW1rq
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